Health Stores (Wholesale) Limited (09462755): administration
- Status
- Administration ended
- Administration began
- 2022-08-22
- Administrators
- Christopher Robert Pole, Ryan Kevin Grant
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2015-02-27
- Location
- Birmingham
- Industry
- 46390 Non-specialised wholesale of food, beverages and tobacco
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
Health Stores (Wholesale) Limited trades as The Health Store. The Health Store was formed in 1922 as a buying co-operative. The current trading entity was incorporated on 27 February 2015.
As outlined previously, THS was a wholesale distributor of healthy, natural and organic products to multiple independent retailers. The Company operated from leasehold premises in Bulwell, Nottinghamshire.
The Company had 85 employees at the date of appointment.
Administrators' statement of proposals (2022-10-24) · Companies House register